About your Search

20121201
20121231
SHOW
Book TV 50
Cavuto 18
( more )
STATION
FBC 214
CNBC 112
CSPAN2 105
CSPAN 100
SFGTV2 81
CNNW 75
MSNBCW 73
KQED (PBS) 42
KTVU (FOX) 40
KGO (ABC) 38
SFGTV 32
KRON (MyNetworkTV) 27
CURRENT 26
WBAL (NBC) 26
KPIX (CBS) 25
( more )
LANGUAGE
English 1334
Search Results 0 to 49 of about 1,350 (some duplicates have been removed)
>>> up next on a second look, black gold in the golden state. where oil comes from in california. and the state's role in opening up the oil fields of saudi arabia. >> plus when you have a flat tire who do you call? we'll have the history of the aaa. >>> hello everyone and welcome to a second look. i'm frank somerville. tonight oil in california. one of the keys to the state's oil processing happens to be right here in the bay area. it's the chevron refinery in richmond. chevron's predecessor standard oil began construction on the refinery back in 1801 four years before richmond incorporated as a city. it first began processing oil in 1902. today the refinery has the capacity to take in 350,000- barrels a day and turn it into gasoline, jet fuel, diesel, lubricating oil and others the refinery has been shut down since a fire at the refinery but chevron expects it to be back into capacity three months into the new year. in 1991 ktvu's george watson looked at how demand grew in the early part of the 20th century. >> in 1917 when america entered world war i it was supplying half of t
right. fascinating discussion. thank you so much, aarti. >>> let's turn to the debate over the oil and gas extraction method known as fracking. 18,000 acres of land was opened up in california, an area believed to hold the country's largest shale oil reserves. it brings renewed pennsylvania to the expanded use of hydraulic fracturing in the state. to give us background, let's take a look at an excerpt from stephen's nbc bay area report. >> reporter: except for a few pieces of machinery, the process of splitting rocks deep under ground with high pressure water mixed with chemicals to release natural gas or oil goes on out of sight and until recently in california out of mind. in fact, fracking to extract oil has been quietly taking place all over california for five decades. from kern to los angeles county, monterey to sacramento. >> we don't have an exact number of how many wells in the state are fracture stimulated. >> you don't know? >> we don't know each individual well. >> reporter: tom kusik is the top oil and gas supervisor at california's division of oil, gas and geothermal
a better economy and that reduces the debt. >> there is a headline predicting we will be producing more oil than saudi arabia beginning in 2020. this is something almost on imagined 10 years ago. -- unimagined 10 years ago. what is the role of the federal government? >> to do things that encouraged the results. to follow up on the fiscal cliff. you can solve this fiscal problem if you grow our role to position relative to everybody else's. a big problem is the percentage of government spending is more than its should be related to total gdp. if there is an easier for millet in the history of economics that -- formula ever in the history of america -- economics that more american energy equals more american jobs, i don't know what it is. it is all the jobs you have if you of a reliable supply of energy. the front page of the "the wall street journal" indicates a difficulty of connecting this cheap product we have in natural gas. we thought we would run out natural-gas as a country. connecting this cheap product with a more expensive market and getting it overseas. if we could become energy s
october. >>> the leaders of iraq say they are ready to make their country a mayor player in the global oil market. they will double and quadruple oil output. businesses from arrange the world are eyeing with fresh interest. >> reporter: it holds some of the world's largest untapped reserves. basri has hosted a four day trade show. the oil market is called by some take holder as the last frontier. this exhibition hall is full of businessmen from all over the world who seek a face in this huge market. more than 350 companies from 45 countries took part. they may be trading cautiously but japanese business and government have a close eye on iraq as a promising future energy source. >> translator: as one of the world's largest oil producers iraq offers a wide range of opportunities. >> reporter: chinese firms were prominent. the state run oil company has already won the contract to double up a huge oil field near the city. >> iraq is new market. it's booming for oil and gas. i see the risk. they're so nice. >> reporter: security remains precarious since the start of the 2003 iraq war. a string
thrive even if leaders can't come to an agreement. eog resources one of the largest and best oil companies in america. in recent years we've seen a whole host of natural gas focused firms trying become more oily. eog has succeeded that puts the rest of its peers to shame. it gets 50% of its sales from crude, up from 33% last year. eog isn't totally hostage to the price of crude. but eog reported beginning november the company raised its 2012 growth production target for oil and natural gas liquids to 3%. third increase this kreempthis . most of that thanks to eog's huge positions in the balkan and -- incredible production growth. if north america ever gets energy independence we will look back at eog as being responsible for that development. eog has given a nice 14% gain since we spoke with the ceo in may. even though it's a few point off its high i think it's pretty darn cheap. on a growth basis. with a 22% long term growth record, rates you don't usually speak of oil companies like a drug company or like a big industrial growth company but these guys are. let's talk to mark pa
the very latest for you. >>> not even the fiscal cliff can slow down the u.s. oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. who stand to reap the biggest gains? we'll drill down details so you can get in on this game. >>> iran launches war games in the strait of hormuz flexing its military muscle in the heart of the critical seaway for global oil supplies. is iran just sabre-rattling or gearing up for something much bigger? even when they say it's not, it is always about money. adam: and a good evening to you. melissa francis will be back after the first of the year but right now let's look at today's market headlines of the investors were largely gripped by unfolding events in washington regarding the fiscal cliff. there was little optimism on wall street. stocks fell for their fifth straight session. the dow, the dow fell below the 13,000 mark closing down 158 points. fiscal cliff anxiety sent the so-called fear index, the vix, soaring more than 14%. it is now up close to 30% this month. >>> barnes & noble was one of the few market b
military leaders talked about alternative energy production and the country's dependence on oil. speakers included gene sperling, director of the white house international council, and republican senators. hosted by securing america's future energy, this is about an hour-and-a-half. >> good morning, everyone. thank you all for coming. i especially want to thank the members of the energy security leadership council for being with us today. they have been a distinguished group of people working on this issue since 2006. we are nothing without their credibility as the great ceo's, an entrepreneur, and military leaders of our time. i also want to give a special>> i want to give a special thanks to the staff at securing america's future energy. we stand on the shoulders and the time it takes to get these reports. the policy staff, james, leslie, the staff that puts these together, our political staff and the rest of the team at safe. we're seeing more production than we have ever seen before. the most production in the last couple of decades of year on year growth. oil imports are falling. the
they're in any danger. this volcano last erupted in september. >> new technology is boosting u.s. oil production. we'll take you to a boomtown flush with cash. that story is next. me#> >> glor: with just a few days to go, 2012 will likely set a record high for gas prices. a.a.a. says the average was $3.61 a gallon nationwide this year. that is ten cents more than in 2011. that surge in prices came even though oil production is booming in this country. the u.s. is forecast to overtake saudi arabia as the world's largest oil producer by 2020. ben tracy visited one of america's new boomtowns. >> reporter: in the middle of a colorado cornfield, sandwiched between cattle and farmhouses, is the front line of an american oil boom. >> we plan to invest over $8 billion over the next five years here, so we're extremely excited. >> reporter: mike dickinson works for noble energy, which is doubling its production in weld county. this oil field stretches from colorado into wyoming. in 2008, it produced 83,000 barrels of oil, yet this year it is expected to reach nearly ten million barrels. how dif
surpassed saudi arabia with the world's largest oil reserves. now hugo chavez has announced his cancer is back. a chart, changing of the guard there could have a huge impact on the globlt oil market. we'll have details. >>> so much pot, so few answers. legalized marijuana laws take effect in washington state and colorado. from driving high to trafficking weed over sttte borders the legal and financial nightmares are just beginning. but we're convening a pot power panel to help clear the smoke. even when they say it's not it is always about money. melissa: first let's look at the day's market headlines. some breaking news on aig just out a short time ago. the treasury announced it is selling all of its remaining 234 common shares in the insurance giant however treasury will continue to hold warrants to purchase aig common stock. investors refusing to give up hope on the fiscal cliff. the dow and s&p 500 gained post-election day tumble. the dow climbed 13 points for its fourth straight game. >>> more trouble for once untouchable apple. jeffries cut its price target by 100 bucks down to $
threat to national and economic security is dependence on foreign oil. members of the group, business political and retired military leaders are suggesting a plan of maximizing oil and gas production, reducing consumption, and improving conservation as a way to boost revenue and reduce our debt. this is a little less than an hour and a half. >> good morning, everyone. thank you all for coming. i especially want to thank the members of the leadership council that could be with us here today. they've been a distinguished group of people working on this issue since 2006. we're nothing without their credibility as the great c.e.o.'s, entrepreneurs and military leaders of our time. i also want to give a special thanks to the staff at securing america's future energy. really we stand on their shoulders, all of us, and the hard work that they -- and the time that they spent to put these reports in conjunction with the energy security leadership council, the policy staff, jonna hamilton, james, sam, leslie, the staff that put this together, and julie, our political staff and the rest of the t
of oil. we'll drill down on the answers. >>> plus, more talk and no walk in washington. shocker there. both side insist we need to stop spending. not that they're cutting a single penny from a single government program. fox news's bret baier with the real cost of spending. >>> we all love a good hamburger, right? but is that pesky wrapper keep getting in your way? one fast-food chain may have solved the problem for good. they're making the wrapper edible. you have to see this one to believe it, trust me. even when they say it's not it is always about money. melissa: first, let's take a look at the day's market headlines. fiscal cliff talks may be a mess but not ruining the party for investors. u.s. third quarter gdp was revised up to 3.1%. not bad. november existing home seams -- sales hit nice not seen. wall street shares of the nyse euronext skyrocketed 34%. the company is being acquired by rival intercontinental exchange for $3.2 billion in cash and stock. >>> research in motion may be crawling its way out of the abyss. the blackberry maker left for dead earlier this year. now shar
at the outlook for gas and oil prices, we turn to an oil analyst, founding partner at again capital. >> you know, john, i was thinking looking over these numbers a few weeks ago here in the northeast we were paying close to $5 a gallonor gasoline, of course it was because of hurricane sandy and standing in line, gas lines, and now this. i know it is a special situation, but what is going on here? >> well, that was a special situation, it was incredible disruption of the supply chain to the northeast, if you recall, only northern new jersey had to endure the odd, even rationing it shows you how isolated that was, but what is going on here, suze is that the united states is in the process of becoming energy independent, it is in the processof spassing saudi arabia as the world's number one producer of oil. because of the shale drilling that going on, mostly in the middle of the country. there is also a massive expansion of a big refinery down in texas, that the saudis are working on with royal dutch shell and the industry is refiguring the infrastructure zero to get more of that mid continent midd
crude oil, @ jumping today, up more than 2%, 3% on the day, near 91 bucks a barrel. first, there's optimism about a budget deal, perhaps in the next few days, optimism, isn't it, and supply concerns, iran is conducting naval test exercises and a strait of hormuz beginning tomorrow through the weekend. that could be a touchy situation and, hence more support for oil. the price of crude up nearly 3%. right to the floor. we have traders on the new york stock exchange, the cme group, and the imex. we start with crude, perhaps iraq scaling down its production. we got iran doing their naval exercises again, and perhaps a little bit of optimism that washington will finally get it done, but either way, look at it, hoil of to the upside. >> yeah, i think all the reasons mentioned are partly why we're up higher today. i also think this is just a technical rally. we broke out above key resistance levels. i think we can trade up to 92 #.09, the next level up. there's a report of a terrorist threat thwarted in united arab emirates, and we have early indications inter next crude oil number is
a little nutty. >> well, with the walnut oil, it's a very full-flavored oil, very nutty and robust. >> and find out why these kids may play an important part in the future of agriculture in california. >> i'm kind of a girly girl. some days i wake up, i'm like, "gosh. i do not want to get dirty today." >> it's all ahead, and it start one of the great things about farming in california is that it seems like almost anything can grow here. and just when you think you've seen everything, a farm like this comes around. welcome to rivenrock gardens, just outside of nipomo. farmer john dicus came up with the idea, and the rest, as they say, is history. >> it's really healthy. it's an environmentally friendly type plant. it doesn't require quite as much water, nutrients as another plant would for the same amount of food value that you get from it. it's a healthy plant. we eat it for ourselves just for the health that it gives. so it seemed to be a natural plant to share. > though they may look the same to us, there are actually about 400 varieties of cacti, and while not all are edible, jo
$90 per barrel mark. what is happening to the oil related stocks? nicole: we have you covered morning, noon and night. we saw oil jumping. ththere was concern in the midde east. we watch iran. oil topping the energy stocks, pulling back today. shibani: we have been talking about what is going on the holiday shopping, retailers mostly in the red but there was one name bucking the trend, jcpenney. talking a lot this week about. nicole: they have been getting back into promotions and discounts. now it is working. david: they are cheering on wall street. member earlier today, the dow was trading down. looks like down about 22 per share. let's look at all the various indices. not a good way to start training for the holidays. there we go, we are all in the red. the biggest hit is the nasdaq, the tech heavy nasdaq down all day. even when the dow was up, the nasdaq down, tech stocks taking a beating today. shibani: weak sales sending retailers and they read it today. so the high-end names among the worst performers. coach, michael kors, not holding up in today's market. david: even t
recently released a report outlining ways to decrease u.s. dependence on oil. the group today posted eighth discussion on oil independence. among the speakers, the senior -- the ceo of a and fedex, a white house adviser, and senators. >> a good morning, everyone. i especially want to thank members of the security council. they have been a distinguished group of members since 2006. i also want to give a special thanks to -- >> i want to give a special thanks to the staff at securing america's future energy. we stand on the shoulders and the time it takes to get these reports. the policy staff, james, leslie, the staff that puts these together, our political staff and the rest of the team at safe. we're seeing more production than we have ever seen before. the most production in the last couple of decades of year on year growth. oil imports are falling. the demand for oil continues to decline based on fuel economy standards and other reasons. we still continue to have a problem. the report we are releasing today and the subtitle says it all. harnessing american resources and innovation. how d
and you have to include the guy in brazil who is growing coffee drunk by the guy on the oil rig who was drilling for oil whose oil would be used in the plastic factory, et cetera, they were all woring for me and that is the beauty of the system we have created, we work for each other all the time. we are each other's servants. >> but no one is bossing people around it is voluntary. >>guest: that is right. no one forces you to go out and buy a computer mouse or forces the guy who made the mouse to work for me or me to work for him because i am working for him because i have the money from my work to buy the mouse. >> you argue that even if dumb people get together and have their ideas have sex that comes up with better results than the brilliant central planner. >>guest: thing this is why the obsession with i.q. and whether this groups have higher i.q. is mistaken, if you look at human history, lots of people in a room who are talking to each other, however stupid they are, can achieve a lot more than a lot of clever people in the room who never talk to each other. it is not individu
for the sixth straight session. the move lower comes despite a rise in more than 2% on crude oil this week. david? david: as was just said, it's not all red. there is some green on this markets, and it's focusing on retailers. barnes & noble, macy's, zales. people buying diamond rings and bracelets. >> oh, i wouldn't know, david. i'm not a realist, apparently. david: only one woman on my diamond list, but go ahead. >> a look overseas at japan, last trading day of the year, shares closing, get this, at the highest level since last year's tsunami for the year gaining 23%, the biggest percentage rise since 2005. ending on a nice positive note over there. david: wish it was good here. congressional leaders meeting with the president, what's hanging on the edge of the cliff is higher taxes on dividends. coming up, the chairman and ceo of southern company owning a bunch of power companies in the south tells us why the tax hike would be a huge blow to his industry, a blow everybody will feel as usual. it's passed on to you, the consumer. >> financials a big winner up this year we have an analyst
dicker, author of oil he's endless bid, taming the unreliable price of oil to secure our economy, a cnbc contributor and union blake director of strirmtal affairs for hometown energy group, independent energy consulting firm with clients in the oil and gas industry. republican senator rand paul of kentucky on wenz lambbaased the actress ashley judd report considering a run for senate there. he said her opposition to one industry in particular would doom her candidacy. >> she's way damn to liberal for our country and state. she hateses or big heest industry, coal. good luck bringing the i hate coal message to kentucky. >> it shows a misunderstanding of his own state's economy. according to data from the bureau of economic analysis, mining is only the 13th largest industry in kentucky by gdp. manufacturing is at the top of the list. if you go by jobs, mining is anl 15th in the state. health care is at the top of list with eight times the number of workers. paul's claiming are flat wrong, but they show a deep anxiety and defensiveness about the coal industry on the wane in america. today co
at the u.n. to russia has put in place the last section of an oil pipeline from eastern siberia to the pacific. that is a link up that is now almost 5,000 kilometers long. >> the massive project is russia's oil fields direct access to key markets in japan, south korea, taiwan, the philippines, and the usa. >> after six years of construction and around 21 billion euros, the pipeline is complete. russia hopes it will be able to expand sales into the u.s. market. it also wants to sell more into southeast asia. the pipeline goes 2,700 kilometers. oil has been flowing from there to china since 2010. now, the final section has been completed. from there, it can be shipped out. until now, the oil was transported along this last leg by train. that had a limited capacity of 15 million barrels of oil per year. the new pipeline can carry three times that amount. it is part of russia's plan to reduce its reliance on europe, which currently buys about 87% of the country's oil exports. during price talks with europe, russia has also -- often said it would seek other buyers and focus more on a
, what i like is the natural gas face. oil was up 74% last quarter. they have almost $5.6 billion worth of proven reserves. i do think it is one of the companies that will continue to do well. don't you have to be careful with these companies that are involved in fracking? >> the only problem with that is that if the obama administration wants anything close to a manufacturing renaissance, the only way they will get it is with cheap natural gas. natural gas is $60 in japan. fourteen dollars in china. it has been an economic miracle. if they want to cut, perhaps, millions of jobs and kill any sort of a manufacturing renaissance, go for. i think they will get their money from them. i think they will hijack the industry in respect to that. natural gas has been great for this country. this particular stock, speaking of earth, i would say $42.90 would be a good number for them. lori: the manager is at the center of what the feds are calling the largest ever insider-trading case. charlie gasparino joined us in the case against matthew martoma adam: war spending and buying from the federal res
the u.s. will become the world's top oil producer by the end of the decade but one influential oil group says, not so fast. did the bold prediction go too far? the answer may sound crude. >>> plus iran demands fresh terms to renew inspections of its nuclear program. is it ready to come back to the negotiating table or is ahmadinejad bluffing to buy critical time? more "money" coming up. ♪ copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replacfast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of teoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty br
happens and we sat down with halliburton and the oil and gas services companies. we understand they have trade secrets. we showed what the ingredients are and it took a six months but we got the environmental defense fund to claim victory and have halliburton claim victory. here is a transparency, set of regulations that will protect the public and settle down all the hysteria and kirk -- furor about fracking. i did it when i was a kid diyala this. how do we get past that fear and uncertainty and create some sort of predictability to business needs? that became a symbol for our issues. to find the appropriate compromise so we can get on to the next problem. >> would you like to bring us up-to-date on california? maybe give us a sneak preview of the may revise briefly. >> where selling bonds and we're not disclosing materials between now and then. we just have to wait. it will be interesting. that i promise you. the basic fact is california increased its production of wealth, the state of 38 million people and all businesses. the economy is somewhat under $2 trillion. there is dynamic wea
, has it been worth it. >> we are early inlet process. we have subsidized oil and coal and gas. we have done them from darn near a century. these don't look so bad. like it or not, the majority of americans believe that global warming is an issue. we need to develop clear energy sources. fossil fuels may be a difficult problem. we are subsidizing thingings. it is cheaper to produce energy from natural gas. it is a subsidies. other than it is natural gas there. it is 63 cents compared to $53. that is not a pay off to me. >> i will have to disagree with rick. last time wind energy had any impact was in the century. we have moved in oil and natural gas. but let's get rid of subsidies and let them sink or swim. wind energy will sink and we'll be better off. it is behathe sector we'll pour billions into it >> the wind farms are kind of methadone clinic. we'll reenact the two percent . part of the bargain let's get america off of a far more dangerous drug than corn or ethanoyl. it hurts food shoppers and tears up the inside of the engine. >> two wrongs don't make a right. what john was referr
the guy in brazil who is growing coffee drunk by the guy on the oi rig who was drilling for oil whose oil would be used in the plastic factory, et cetera, they were all woring for me and that is the beauty of the system we have created, we work for each other all the time. we are each other's servants. >> but no one is bossing people around it is voluntary. >>guest: that is right. no one forces you to go out and buy a computer mouse or forces the guy who made the mouse to work for me or me to work for him because i am working for him because i have the money from my work to buy the mouse. >> you argue that even if dumb people get together and have their ideas have sex that comes up with tter results than the brilliant central planner. >>guest: thing this is why the obsession with i.q. and whehethr this groups have higher i.q. is mistaken, if you look at human history, lots of people in a room who are talking to each other, however stupid the are, can achieve a lot more than a lot of clever people in the room who never talk to each other. it is not individual intelligence that accounts in
the latest i.a. data out this morning. they're saying global oil demand projected around 90.5 million barrels a day. more than forecast. they say non-opec production bouncing back. an something bit. they're saying opec crude supply inched up in november led by higher output from saudi arabia. >> i think we'll have to call this today the case of the two oil reports. we have the opec report that they put out ahead of the meeting showing different figures from what the iea is saying. >> they're saying saudi arabia figures saying we produce less. now the i.a. saying they produce more. also interesting, they're saying in iran, iranian production edging lower under the weight of shipping constraints have stepped up. we heard it was up. go figure the oil markets and production levels. a murky world. opec ministers are arriving as we speak for the annual meeting. the 12-member group widely expected to maintain current output targets. >> steve sedgwick has the latest and joins us now. hi, steve. >> i like that shuffle, steve. that was good. >> reporter: i've got a treat for you. guys, kelly, ross, i'v
learn from it. e-mail your regrets into the show. we'll examine just where oil prices might be headed in 2013. >>> president obama calls congressional leaders to the white house today. >>> a lackluster trading week of the yurp, ewe european equity markets are scheduled to post double digit results for 2012. >> italy is expected to see solid demand when it sells up to 6 billion years of longer dated paper today. >>> and japan's finance minister is saying other companies have no right to lecture japan on its currency policy instead calling for the u.s. to seek a strong dollar. >>> okay. welcome back to "worldwide exchange" this morning. let's take a quick check on trade as we close out the last full trading week of the year. not even a full week, but just one of the last trading weeks of the year. >> monday seems so far away. >> it's just kind of sticking out there, the 24th and 31st. european markets were closed for boxing day week. got back into trade yesterday. sort of a mixed bag across the board. u.s. markets were weaker and this morning europe is following the u.s. down that path.
. this was before the discovery of oil, and the u.s. took a, well, you know, you're not really important as e just a minute, for example, and, you know, we'll think about it, and the result was that the prime minister of the time, you know, basically devised a plan to court the soviets and see if he could grab the united states' attention, and that happened. the next, you know, major event was the libya's and gadhafi's successful bid to change drastically the way oil pricing was conducted squeezing the independent oil companies occidental patrol yum, first and foremost, changing the system there there was a 50/50 split in libyan oil, and the consequence of that has come through to this day in temples of increasing the power of economic power of the gulf state, saudi arabia in particular. libya, and fast forward to the arab spring, you know, i think a very important point is libya became a -- sort of, you know, obama -- president obama in 2009 delivered his now famous new beginnings speech which he said he was going to stand with the arab people against tyranny and made a number of strong statement
, the dow just moments ago, but it is the turnaround, 150 points since the story. also a trading day for oil, big rally in yesterday's session where it went up to $91 a barrel. crude was unable to hold on to the gains ending lower on fears of no deals in d.c. all of that late breaking news didn't really affect where oil closed. you see a little positive jump there right now. that's on the news that did come out of washington, but again, it closed at 2.30 down. shibani: also moving today, currencies the yen was a big mover. the currency continuing to decline against the u.s. dollar hitting a 27 month low against our currency. japanese officials signalling that they would do anything basically they could to advance efforts to weaken the currency. a big story there as well. david: you think we're printing like crazy, wait till you see what the japanese do. as the markets crawl back the volatility index, losing all its gains after hitting its highest level since late july, remember when volatility is up, it usually means the market is down. for five months the vix has traded below its two decade
pipeline, it was said that oil would be sell to the chinese. he gave the go-ahead to sell one of the biggest oil companies to them. china doesn't just get access to the canadian oil fields. the chinese get direct access to choose reserves in our own back yard in the gulf of mexico. it still needs approval from washington, but the chinese will control a major north american oil company. lou dobbs is with us now. i cannot imagine that you think this is a good idea. lou: is a terrible idea if it's not altered. as you know, the oil and the immense reserves, it will likely begin doing so over the years ahead. it is a big deal for the chinese. they also have control just about 116 million barrels of oil in the gulf of mexico, primarily fields off the coast of louisiana. those are under u.s. jurisdiction. the trick here is the chinese offshore oil company, the chinese national offshore oil company, they have run into this before. it was back in 2005 when they tried, as you probably recall, they ran into all sorts of issues due to better than other technology and resources held and it
-- which is considered a safe haven.. and instead went into equities.. as well as oil. shares of oracle bounced almost 3% in heavy volume. the tech company surpassed wall street's expectations. oracle is up 28% this year. gas prices are closing in on a 2 year low. the national average for a gallon of unleaded regular is $3.23. it's time now for trader talk with larry shover of sfg alternatives. hi larry. good morning. what's going on with this market? are they rallying into the news of a possible deal on the fiscal cliff or we see an even bigger relief rally when the deal is done? i think yes and yes. i think the market is expecting a deal to get done and we're just making up for lost time. let's keep in mind that back in september we were willing to pay 14 times multiple for the stock market. that would put the s &p at 1500 so it's really been stagnant and we're just rallying making up for lost ground. what have been the best performing commodities this year and where would you still put some money to work? i think gold actually---even though we had a $28 dollar fall down yesterday.
. oil has been moving to the upside. there is a lot going on with that. and oil spike of two dollars. now, let's take a look at technology. we do see some of the tech stocks doing pretty well. hewlett-packard and intel have been among the real losers for the year 2012 on the dow. today, you continue to see this trend which is a little better. back to you. dagen: thank you. the senate returning to washington tomorrow. the president, as well. five days left to revert the fiscal cliff. now that plan b is that, will there be a plan c or f for failing? peter: president obama expecting to arrive in d.c. tomorrow. white house says they will let us know if there is any update in the talks for congressional leadership. the leader's office is me no news to report. as of now, we are still headed for the cliff. on january 1, the nation faces a $5 trillion tax increase over ten years to the expiration of the bush tax cuts. the lapse of the bush tax cut would mean the top would go to 39.6. tax rates would also go all for lower income earners. the maximum lowest rate going back to 15%. four investo
in north dakota's oil rich bakken shale continues, cramer's looking for companies that are ready to expand. don't miss the ceo of enbridge energy. all coming up on "mad money." >>> moments like this when everybody is terrified that our economy could slide back into a government induced recession next year, i got to start looking at high quality companies that are immunized against this slowing economy. for example biotech companies that can thrive even during a recession, because that's the type of thing you don't cut back on, no matter what. this week we caught one of those medical conferences that will tell you which ones have the most upside. it's the american academy of pharmaceutical companies. i'm highlighting not one but two small cap biotechs. let's start with immunogen. it develops next generation cancer drugs that allow chemotherapy agents to directly target a tumor. immunogen rose from $11.50 to about $18 on bullish expectations about a breast cancer treatment. then at the end of october, the stock got pulverized when we learned that immunogen has a less than optimal royalty wit
and into precious metal. gld, etf, sell stocks now, buy later. and deals looking bad for oil and gas companies, because demand for energy will decline, particularly demand for hedge funds. you like to play against a hedge. i like oil, remind you it's an international market kind of driven by the chinese, not us, if eog resources goes down, consider that company as a place to put your money. remember, mark pappas yesterday. and people want to sell the drug stocks on decline. here i'm not sure. sellers are worried that the government may be negotiating with the drug companies. you know what? probably really going on. i think that drug stocks have big dividends and after tax return on dividends will come down sharply after we go off the cliff. that was part of the deal of the cliff. what's not getting hit as hard as you would expect? how about companies that have marginal exposure to united states but much morale involved with china? you could see joy global keep its gains. that company's mining equipment is more dependent on china than a possibility slowing of the united states. we're cutting ba
Search Results 0 to 49 of about 1,350 (some duplicates have been removed)